France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn. Weak freight rates…
Shanghai's Zhonggu Shipping may buy 3,398-TEU Stadt Aachen, that was up for sale for US$7.1 million, say local media reports. Zhonggu Shipping earlier stated that it plans to acquire a handful of vessels this year, all of which will start operations between June and August…
China Energy Transport Co., Ltd. (China VLCC) has sold two secondhand VLCCs to an unrelated third party for a total price of $117.5mln. China VLCC is 51 percent owned by China Merchants Energy Shipping (CMES) and 49 percent owned by Sinotrans & CSC Group…
Hamburg Süd, one of the 10 largest shipping lines worldwide, and INTTRA, the world's ocean shipping electronic marketplace, have expanded their partnership to address the July 1 implementation of the International Maritime Organization's Safety…
Issues $140 Million of 6.95% Series F Cumulative Convertible Perpetual Preferred Shares, Renews $150 Million Unsecured Revolving Loan and Enters into $250 Million Lease FinancingHONG KONG, CHINA--(Marketwired - May 18, 2016) - Seaspan Corporation…
As of July 1st, 2016, the enforcement of the Safety of Life at Sea Convention (SOLAS) requirements regarding the verification of the gross mass of packed containers will be applicable. A packed container will not be allowed to be loaded…
In an interview with Patrik Berglund, the Xeneta CEO says that the introduction of the 'commodity' status for the container would benefit both shippers and carriers. Q- In today’s world of Amazon, Alibaba and E-commerce, have container rates (meaning 20-40’dry box) reached ’commodity’ status…
CMA CGM has increased the capacity on its West Coast Feeder service via Liverpool to 2200 TEU from 900 TEU. M.V. Nicolas Delmas began calling at the port in April. The service begins in Antwerp and also calls at Greenock, Belfast, Dublin and Le Havre…
Hamburg Süd is the first container shipping lines to publish its Sustainability Report in accordance with the Global Reporting Initiative (GRI) G4 Standard Disclosures (Core). Entitled “Setting standards and acting sustainably”, the 84-page…
Kalmar, part of Cargotec, and the Yilport Oslo Terminal Investments AS in Norway, have signed a long term service agreement for Kalmar Optimal Care. The order was signed on 1 February 2016 and the Kalmar services team has already started working at the terminal…
Cai Mep, Vietnam - With five new services calls added to Cai Mep International Terminal (CMIT) since May of 2015, container volume has surged by 130% to 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago…
DNV GL has been awarded a contract by COSCO Shipping Company Limited (COSCO SHIPPING) of China for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform.The Dutch-German transmission…
Kalmar, part of Cargotec, has been awarded the contract to heighten three ZPMC ship-to-shore (STS) cranes operated by DP World Antwerp Gateway NV. The order was booked in Cargotec's 2016 first quarter order intake, and the project is scheduled for completion during the second quarter of 2017…
OKYO, JAPAN, 16 MAY 2016: As Japan ramps-up its export drive, APL steps in to support Japanese growers and exporters in the exploration of overseas markets for their fresh produce. Through its range of SMART reefer solutions and well-diversified global network…
NYK Libra, a containership operated by NYK Line, recently provided humanitarian assistance to three Ecuadorian fishermen sailing on a small fishing boat that had become lost from its mother boat. The NYK containership was sailing between Callao…
